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BP re-contracts 14 OSVs from Topaz on long-term charters
BP has extended contracts for 14 OSVs from Topaz Energy and Marine operating in Caspian Sea.
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Under the new agreement Topaz will supply 14 OSVs at “current market terms for five years plus two one-year options. The agreement extends existing contracts for the 14 vessels until 2023 i ncluding options.
“The agreement provides a long-term platform from which to build further scale in the broader Caspian and adds significantly to Topaz’s credit strength through tremendous revenue visibility,” said René Kofod-Olsen ceo of Topaz Energy and Marine.
The new contracts bring Topaz’s contract backlog to $1.4bn in revenues. The 14 vessels include large anchor handlers, PSVs and emergency response and recovery vessels.
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